3151 New Bern Ave

Raleigh, NC 27610

$12,000,000
Price
213,008 / 4.89
Lot Size / Acres
Photo 1
Photo 2

Description

This property has been rezoned by the City of Raleigh for CX-12-UG-CU (TOD). The zoning allows for a Residential Commercial mix development from 16 to 20 stories possible. Up to 928 units of condos, apartment and or hotel rooms. The City is underway for the first proposed BRT station at this location on New Bern Avenue. In addition to the 928 units, there is 70k square of office and 20k for commercial uses.This property has been rezoned by the City of Raleigh for CX-12-UG-CU (TOD). The zoning allows for a Residential Commercial mix development from 16 to 20 stories possible. Up to 928 units of condos, apartment and or hotel rooms. The City is underway for the first proposed BRT station at this location on New Bern Avenue. In addition to the 928 units, there is 70k square of office and 20k for commercial uses.
  1. Listed by J.W. Shearin • Coldwell Banker HPW

Property Details for 3151 New Bern Avenue

View
Yes
Subdivision
Not in a Subdivision
LISTING UPDATED: 10/28/2025 03:34 PM

Property Details for 3151 New Bern Avenue

StatusActive
MLS #2538929
Days on Market805
Taxes$24,013 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand / Unimproved Land
Year Built-
Lot Size4.89 AC
CountyWake County

Location

Listing Courtesy of Coldwell Banker HPW
Add your commute

Building Information for 3151 New Bern Avenue

Lot Size4.89 AC

Payment Calculator

$60,487 per month

30 year fixed, 6.15% Interest

Principal and Interest

$58,486

Property Taxes

$2,001

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3151 New Bern Avenue

Summary
Location and General Information
  • Zoning: CX12
  • Directions: From Hwy 440 and 64 business intersection turn right onto New Bern Ave heading west. The property is located across from Wake Hospital on the right side of New Bern Avenue
  • Subdivision Name: Not in a Subdivision
  • Latitude: 35.78971
  • Longitude: -78.588004
  • Road Frontage Type: 4 Lane Road
  • Road Surface Type: Asphalt
Taxes and HOA Information
  • Association: No
  • Tax Annual Amount: $24,012.78
  • City Limits Of: Raleigh
  • City Limits YN: Yes
  • Lot Number: none
  • Restrictive Covenants YN: No
Contract Information
  • Original Listing ID: 0
  • Original MLS: Triangle MLS Inc
  • Property Leased YN: No
  • Years Owned: 1 or More Year(s)
School Information
  • Elementary School: Wake County Schools
  • Middle Or Junior School: Wake County Schools
  • High School: Wake County Schools
Property
Lot Information
  • Lot Features: Sloped
  • Lot Size Dimensions: 247 x 650 x 1400 x 271 x 635 x 912
  • Parcel Number: 1724221587
  • Vegetation: Wooded Description: Hardwoods
  • List PriceAcre: 2453987.73
  • Road Frontage Length: 1584
Property and Assessments
  • Photos Count: 2
  • Below Grade Finished Area Units: Square Feet
  • Current Use: Vacant
  • Senior Community: No
Utilities
  • Sewer: Public Sewer
  • Utilities: Electricity Available
  • Water Source: Public
  • Water_Sewer: Public, Public Sewer, Electricity Available
Interior and Exterior Features
Exterior Features
  • Pool Private: No
Interior Features
  • Interior: Electricity Available
Agent
Sale and Listing
  • Property Type: Land
  • Property Class Name: CrossProperty

Property History for 3151 New Bern Avenue

DateEvent & SourcePriceAppreciation
Oct 25, 2023

Listed (Active)

TRIANGLEMLS #2538929

$12,000,000—
Oct 25, 2023

Listed (Active)

TRIANGLEMLS #2538929

$12,000,000—
Sep 21, 2023

Expired

TRIANGLEMLS #2417511

—
Sep 20, 2023

Expired

AMLS #2417511

$12,000,000—
Nov 4, 2021

Listed (Active)

AMLS #2417511

$10,000,000—
Nov 4, 2021

Listed (Active)

TRIANGLEMLS #2417511

$10,000,000—
DateEvent & SourcePrice
10/25/2023

Listed (Active)

TRIANGLEMLS #2538929

$12,000,000
10/25/2023

Listed (Active)

TRIANGLEMLS #2538929

$12,000,000
09/21/2023

Expired

TRIANGLEMLS #2417511

—
09/20/2023

Expired

AMLS #2417511

$12,000,000
11/04/2021

Listed (Active)

AMLS #2417511

$10,000,000
11/04/2021

Listed (Active)

TRIANGLEMLS #2417511

$10,000,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 3151 New Bern Avenue

Taxable ValueLand$2,753,436Additions-Total$2,753,436
Tax Record2025$24,013 ($2,001 / month)
Home Facts
Total Finished SqFt3,074 SqFtAbove Grade Finished SqFt3,074 SqFtStories2Lot Size131,116 SqFtStyleMiscellaneous Vacant LandYear Built1934ZoningCX-12CountyWAKEAPN1724.13-22-1587 0060960

Schools near 3151 New Bern Avenue

This home is within Wake County School District.
Rating
School
Type
Grades
Distance
Douglas Elementary
Public - PK to 5
Martin Middle
Public - 6 to 8
William G Enloe High
Public - 9 to 12
Wake Early Coll Heal
Public - 9 to 13
Rating
School
Distance
Douglas Elementary
PublicPK to 5

Martin Middle
Public6 to 8

William G Enloe High
Public9 to 12

Wake Early Coll Heal
Public9 to 13

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 3151 New Bern Avenue, Raleigh, NC 27610

3151 New Bern Avenue is a 4.89 ac of land for sale in Raleigh, NC 27610. This property was listed for sale on October 25, 2023 by Coldwell Banker HPW, it's currently listed at $12,000,000. This listing's school district is Wake County School District. Nearby schools include Douglas Elementary, Martin Middle and William G Enloe High. 3151 New Bern Avenue is a 0-bed, 0-bath, 4.89 ac of land on a 213,008 sq. ft. / 4.89 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker HPW

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